Kinder Morgan stock price

Kinder Morgan latest news:

02/15/2018 21:33:52

Canada regulator allows more Kinder Morgan pipeline construction

Canadian regulator National Energy Board on Thursday issued rulings that allow Kinder Morgan Canada to do additional construction work on an oil pipeline expansion that is fiercely opposed by the province of British Columbia.

VANCOUVER, Feb 15 (Reuters) - Canadian regulator National
Energy Board (NEB) on Thursday issued rulings that allow Kinder
Morgan Canada to do additional construction work on an
oil pipeline expansion that is fiercely opposed by the province
of British Columbia.

Canadian regulator National Energy Board on Thursday issued rulings that allow Kinder Morgan Canada to do additional construction work on an oil pipeline that is fiercely opposed by the province of British Columbia.

Billionaire hedge-fund investor David Tepper's Appaloosa Management was a buyer of technology, energy and bank shares in the fourth quarter, according to a Wednesday regulatory filing. Between the end of the third and fourth quarter, Appaloosa boosted its stake in Bank of America Corp. , upping his position by 170% to 10.8 million shares. He also increased his stake in Apple Inc. , raising that investment to 3.2 million shares and raising his stake in Micron Technology Inc. to 10.45 million shares, representing his largest holding according to WhaleWisdom.com. The hedge-fund luminary also lifted his position in Facebook Inc. by about 70% to 2.2 million shares, while adding to his holdings in the tech-heavy PowerShares QQQ Trust Series 1 to 4.3 million shares. Meanwhile, Tepper took a long position in the exchange-traded Financial Select Sector SPDR ETF , purchasing $280 million worth, though the fund also sold call options in the ETF worth $35 million. Call options give the holder the right but not the obligation to buy an asset a set price and time. Appaloosa also made bullish bets in the energy-centered Energy Select Sector SPDR ETF for $35 million. The investor was a buyer in gambling assets, with new stakes in Caesars Entertainment Corp. , about 5.86 million shares, and MGM Resorts International , where he picked up 2.3 million shares, from the end of the third quarter. Tepper notably divested his entire stake in Kinder Morgan Inc. , Chesapeake Energy Corp. , Whirlpool Corp. and General Motors , recent filings showed. Large investors are required to reveal their long equity holdings at the end of each quarter in filings with the Securities and Exchange Commission.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

02/08/2018 13:26:00

Kinder Morgan Canada set to fight back in pipeline battle

Kinder Morgan Canada Ltd is gearing up for a legal fight over British Columbia's plans to block increased oil shipments through the western Canadian province, as it questions the intent of the proposed rules which could further delay its Trans Mountain pipeline expansion project.

02/07/2018 16:01:42

Canada's Trudeau under pressure to cork provinces' wine, oil row

Canadian Prime Minister Justin Trudeau faced pressure on Wednesday from an important political ally and the business community to settle an oil pipeline dispute that has sparked fears of a trade war between two neighbouring provinces. Alberta and British Columbia are scrapping over Kinder Morgan Canada's planned C$7.4 billion Trans Mountain pipeline expansion, which was approved by Ottawa in 2016.

Prime Minister Justin Trudeau said on Thursday his government would ensure Kinder Morgan Canada's Trans Mountain oil pipeline expansion is built and added the C$7.4 billion project is not a threat to Canada's West Coast. Trudeau reiterated the government's position in two separate radio interviews. "That pipeline is going to get built.

VANCOUVER, Jan 18 (Reuters) - The National Energy Board on
Thursday set out a process for resolving permit disputes related
to Kinder Morgan Canada's Trans Mountain pipeline
expansion project, which has faced repeated delays due to
difficulty in obtaining permits.

01/18/2018 19:14:39

BRIEF-Kinder Morgan says pleased with NEB's decision to set out a process for resolving permit disputes

* KINDER MORGAN - ‍PLEASED NEB'S DECISION SETTING DOWN
GENERIC
PROCESS TO HEAR ANY FUTURE MOTIONS AS THEY RELATE TO PROVINCIAL
AND MUNICIPAL PERMITTING ISSUES​
Source text for Eikon:
Further company coverage:

01/18/2018 16:33:41

Canada regulator sets out process for pipeline permit disputes

The National Energy Board on Thursday set out a process for resolving permit disputes related to Kinder Morgan Canada's Trans Mountain pipeline expansion project, which has faced repeated delays due to difficulty in obtaining permits.

01/18/2018 05:45:31

Kinder Morgan Looks Ahead to Delay on Canada Pipeline, Benefits From New Tax Law

Kinder Morgan shares higher after earnings beat

Shares of Kinder Morgan Inc. rose nearly 2% late Wednesday after the oil and gas infrastructure company reported fourth-quarter adjusted per-share earnings and sales above Wall Street expectations. Kinder Morgan said it lost $1.05 billion, or 47 cents a share, in the quarter, versus a net income of $170 million, or 8 cents a share, in the year-ago period. Adjusted for one-time items, Kinder Morgan earned 21 cents a share in the quarter, compared with 18 cents a share a year earlier. The company called the quarter "solid" and pinned the GAAP loss on a non-cash accounting charge related to the reduction in corporate income tax rates. "While the recently enacted Tax Cuts and Jobs Act of 2017 will ultimately be moderately positive for KMI, the reduced corporate income tax rate causes certain deferred-tax assets to be revalued at 21 percent versus 35 percent," the company said in a statement. Kinder Morgan will take an about $$1.4 billion non-cash accounting charge for the quarter, it said. Revenue rose to $3.63 billion in the quarter, compared with $3.39 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 18 cents a share on sales of $3.55 billion for the fourth quarter. For the year, the company said it plans to declare dividend of 80 cents a share, achieve a distributable cash flow of about $4.57 billion, or $2.05 a share, and invest $2.2 billion in "growth projects". Shares of Kinder Morgan ended the regular trading day up 0.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

01/17/2018 14:17:34

BRIEF-Kinder Morgan Qtrly Adjusted Earnings Per Common Share $0.21‍​

Kinder Morgan Canada posts higher quarterly profit

Jan 17 (Reuters) - Kinder Morgan Canada Ltd is
still pursuing a "primarily permiting" strategy on its Trans
Mountain pipeline expansion, the company said, and also reported
a rise in fourth-quarter profit on Wednesday.

Kinder Morgan Canada down 4 pct after more potential pipe delay

Kinder Morgan Canada Ltd shares fell as much as 4.2 percent early on Tuesday, the day after the company said its C$7.4 billion Trans Mountain pipeline expansion could miss the revised timetable of a September 2020 start. Kinder Morgan's Trans Mountain expansion to Canada's west coast has already been delayed by nine months.

12/04/2017 18:34:30

UPDATE 1-Kinder Morgan warns pipeline expansion could be further delayed

VANCOUVER/CALGARY, Alberta, Dec 4 (Reuters) - Kinder Morgan
Canada Ltd said on Monday the start-up of its Trans
Mountain pipeline expansion could be delayed past September 2020
if it is unable to get more clarity around permitting and the
judicial process by early next year.

Canada's federal government said on Wednesday it supports Kinder Morgan Canada Ltd's second appeal to the countrys energy regulator over local permits for its planned Trans Mountain oil pipeline expansion project.

11/29/2017 11:33:38

Canada says it supports Kinder Morgan's Trans Mountain appeal

Canada's federal government said on Wednesday it supports Kinder Morgan Canada Ltd's second appeal to the countrys energy regulator over local permits for its planned Trans Mountain oil pipeline expansion project.